u/HaveSkills

I am feeling great, this community helped me in quitting. After 50 days I feel my energy levels are doubled, earlier I used to get very high heart beat in treadmill, now it's not that much and I don't get tired easily too.

My cravings are gone too, now when my friends smoke, I don't feel like it. In fact, the smell of smoke is feeling bad to me now, just realizing how bad I would have smelled too after smoking.

Finally, it's a journey and still a long way to go. But, anyone trying to quit, just go for it, after initial few weeks of struggle, it's just going better and better.

The idea is simple, let's say market is at 24000, so I sell 23000PE@200 and 25000CE@200 strangle, so collecting 400 premium. I let it run till expiry. Suppose, market ended at 22000, so I ended with 600 pts loss. Next month, I sell the same thing again, this time 23000PE would be easily 1200 and 25000CE would be 50. But, if market closed at 22500, I made 750 pts and covered last month loss also. Repeat it again, at least one time it will close between 23000-25000 and I get full premium and a huge profit. It should be done with max 10-20% of capital as positional long dated trade.

Will it work? Anyone explored this type of strategy?

Edit: Thanks for all the inputs, I reached to the conclusion as:

1. It's a bad idea because of being Naked, if want to do then go with hedge i.e. Iron Condor.

2. Without hedge it will become sleepless nights incase of any event.

3. Rather than sticking to the strike, it's best to move them as per market moves for better control.

Thanks to everyone who commented and provided valuable inputs.

It’s been one month since I quit smoking, and this subreddit has helped me a lot. I shared the journey with many others, read the posts by others in similar phase going through cough, anxiety and all the good comes once that subsides. I have tried to quit earlier also but always failed due to no support, so a big shout out to this community.

My taste buds are at different level now, skin looks much better, darkness of lips has reduced significantly. Never touching that stick again.

Thanks again to everyone who commented on my posts and helped me in keep going.